The appeal filed by the suspended board of directors of Vaxtex Cotfab Limited against the Corporate Insolvency Resolution Process (CIRP) initiation order has been listed for hearing; as per the order of the National Company Law Appellate Tribunal (NCLAT), further steps in the CIRP have been halted, but the Insolvency Resolution Professional (IRP) will continue to collect claims and keep the company as a going concern.